Anti-Corruption / FCPA & International Trade – the latest on Alcoa’s bribery probe, SEC proposes new rules and more. Alcoa Pays $384 Million to Resolve Bahrain-Bribery Probe by Alan Katz Published on Bloomberg.com Alcoa Inc. (AA), the largest U.S. aluminum producer, agreed to pay $384 million to resolve U.S. criminal and civil probes, after a unit…
Financial Services, Insurance & Reinsurance – the latest on J.P Morgan’s prepaid card business, the financial services data center and more. Rethinking The Financial Services Data Center by Greg MacSweeney Published on wallstreetandtech.com The great boom in building financial services datacenters is over. In fact, it ended a few years ago. Although it hasn’t been that long since…
Pharma & Healthcare – the latest on proposed rules to expand from healthcare reform, Sanofi to pay $700 Milion for Alnylam Drugs and Stake and more. Proposed Rules Expand Exceptions from Healthcare Reform by Lori Oliphant Published on jdsupra.com On December 24, 2013, the Departments of Treasury, Labor, and Health and Human Services (collectively, the “Departments”) jointly issued proposed…
China & Singapore: Legal, Regulatory & Compliance – the latest on China”s export growth, the China Food and Drug Administration and more. China December export growth slows by XIAOYI SHAO and KEVIN YAO Published on Reuters.com China’s export growth slowed more than expected in December due to a higher comparison base a year earlier and a clamp-down…
Employment & Benefits – Seventh Circuit address worker’ compensation policy, New Jersey law against discrimination and more. Seventh Circuit Addresses Coverage Under Workers’ Comp Policy By Brian Bassett, Robert Dennison, Neal Kojima, Brian Margolies Published on jdsupra.com In its recent decision in YKK USA, Inc., v. Safety Nat’l Cas. Corp., 727 F.3d 782 (7th. Cir. 2013), the United States Court of…
Anti-Corruption /FCPA & International Trade – Thai officials face anti-corruption inquiry, Microsoft partners undergo anti-corruption training and more. 308 Thai Officials Face Anticorruption Inquiry by THOMAS FULLER Published on NYTimes.com The anticorruption authorities in Thailand announced Tuesday that they were opening investigations of 308 lawmakers, most of them from the governing party, on suspicion of “malfeasance…
Financial Services, Insurance & Reinsurance – UPS accused of overcharging, credit card predictions for 2014 and more. Fed Should Know Corporates Losing to Derivatives: Credit Markets by Lisa Abramowicz Published on BusinessWeek.com Bond investors’ purchases of derivatives averaged the most in five years in 2013 as they sought ways to both amplify bets and hedge against…
Pharma & Healthcare – the latest on the FDA quality requirements, J&J $12.5M gamble and more. FDA alerts drive quality requirements upwards in pharma industry: Albert Stevens, IMCD Group by Rakesh Rao Published on BusinessStandards.com The Euro 1.3-billion Dutch company, IMCD Group BV, is one of the leading distributors of speciality chemicals, representing major global producers and offering…
Employment Law – 13 states raise minimum-wage, EEOC 2013 Report shows record in employee monetary relief and more. 13 states raising pay for minimum-wage workers by Paul Davidson Published on USAToday.com The retail-worker strikes that swept the nation in 2013 did not move Congress to raise the minimum wage, but a growing number of states…
Pharma & Healthcare – the latest on CVS’s False Claims allegations, accusations of insularity haunt the Teva board and more. CVS Caremark Pays $4.25 Million to Settle False Claims Allegations by Akin Gump Strauss Hauer & Feld LLP Published on jdsupra.com Earlier this month, Caremark Incorporated – a drug benefit management company operated by drug retail giant…
China & Singapore – the latest on China’s new consumer protection law, China’s official Yang Gang investigation and more. China’s New Consumer Protection Law: Dramatic Changes Ahead by Max Gu, and Amy Sommers Published on jdsupra.com On October 25, 2013, China’s President and Chairman of the Communist Party of China Xi Jinping signed off on the long-expected…
Employment Law – the latest on Bright Petroleum’s violation, Kentucky Friend Chicke’s EEOC Religious Discrimination Lawsuit and more. Kentucky Fried Chicken Franchise Pays $40,000 to Settle EEOC Religious Discrimination Lawsuit by U.S. Equal Employment Opportunity Commission (EEOC) Published on jdsupra.com Scottish Food Systems, Inc. and Laurinburg KFC Take Home, Inc. will pay $40,000 and furnish other relief…
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